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20121128
20121206
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CNBC 5
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Search Results 0 to 4 of about 5
CNBC
Nov 29, 2012 6:00am EST
you're going to to on the tax side. that's simple. you have to pass a law that says the present law has to be overridden. the argument is whether it's overridden for people over 250,000. >> and what would be your position on that? >> oh, i think the simple thing to do, obviously do what the president is saying. he ran a campaign on it. if you have to act in three weeks, you're not going to revise the whole income tax code in the next three weeks. all this business about deductions may be perfectly legitimate and i think that both income tax -- personal income tax and corporate income tax need a lot of thought and a lot of revision. they're both broken. but you're not going to do that in three weeks. the challenge that i see is in three weeks you've got to have some convincing balance of the tax side, the revenue side, with the expenditure side. you can't change the expenditures in three weeks. you can indicate intentions, but you can't -- >> we'll have more of that conversation throughout the show including interesting comments he has about bernanke and interest rates and what's goi
CNBC
Dec 4, 2012 6:00am EST
what my regulations and laws will be. >> i do think that's become actually more of a consensus type view which is that if we were to be able to find some resolution, get a little bit more certainty, there is some pent up demand on the hiring side, on the which is i in-business investment side. you may actually see growth at 3% say. >> businesses will invest. consumers still have the ability because housing has helped them with the tail wind and you're seeing it in the auto cycle, you saw the sales yesterday and you'll see it increasing because interest rates are low, gas prices have come down, but businesses have the pent up demand and they didn't want to spend it because they don't know what's going to happen. >> let's bring in some of the sound from brian moynihan. we talked about a lot of things including the looming fiscal cliff. talked about business concerns as you head into the end of the year and even what to expect in 2014. bank of america has 55 million customers here in america. they represent one out of every two households. so moynihan has a very good idea about what co
CNBC
Dec 5, 2012 6:00am EST
you. so i felt more secure crossing the border into a country that had laws that were backed by the justice system. >> bizarre story. the whole thing with him. who was that last guy? the guy that had the dungeon built in his house? >> yeah, the guy in california, he was a software guy too. >> crazy. money goes to -- i don't know what happened to this guy. but his neighbors did. he had nothing to do with -- >> he had been blogging about -- >> bath salts or something? not to soak his feet in. >> no, bath salts were like a great experimental drug he'd been experimenting with. >> wait a second -- hopefully you don't turn into a cannibal. you draw the line right before you start eating someone. >> hopefully. >>> still to come, rising above the fiscal cliff, steny hoyer is going to be our guest. plus -- and steny, i was reading his stuff. he sounds -- he's rising above a little bit. he didn't sound quite as -- jobs in focus. private payroll data from adp. this was my choice too. kenny chesney. it's a jobs friday preview. >>> and mark zandi of moody's joins us. we'll explain why he'
CNBC
Nov 28, 2012 6:00am EST
at a law firm. we have been looking through so many things when it comes to the fiscal cliff. and what we haven't focused on is what it would mean for the life insurance industry. this is something we've spoken with you about in the past. when you were here, i don't know if it was the last time you were here, you were here when they were looking at downgrading the united states and its credit ratings. the warning's out there that if there's not a deal reached, we could see another downgrade. what would that mean for the industry? >> i think that would not be good for the industry. i was on about a year ago when we talked about the u.s. been put on a watch, the s&p did, in fact, downgrade. and what happens in the life insurance industry, in order to stand behind the promises to policy holders, it's the largest holder of corporate and u.s. high-grade bonds. so it has, i think, over $2 trillion. and if you think about it, a downgrade would not be positive there. i could see the rating agency say these guys can't get their fiscal house in order, we warned them, put them on some kind of watch,
CNBC
Dec 3, 2012 6:00am EST
something or do you think it's a bad law all the way through? >> honestly, steve, i think the answer is we're all going to find out a year from now. we're offering health care to our full time folks today. how this is going to affect business, how it's going to flow through, we're not going to know for a while now. first because uls you have to come, but secondly, i think there are a lot of things in effect that we're going do see in the marketplace for health care that nobody really fully understands yet. just an awful lot of changes coming through at once. so we'll see over time. >> all right. so salads just aren't happening for you, really, are they? >> you know, the lettuce and salads, people ask for them but, you know, it's interesting. at the end of the day, they like pizza. >> yeah, they do. >> that brooklyn style crust is outstanding. and that midweek carryout special, our kids love that. >> we're glad you came on today. we're all -- yeah. i can't think of anything bad to say. patrick, that you can. we appreciate it. >> thanks joe. >> you're in ann arbor. thanks. >>> let's take a l
Search Results 0 to 4 of about 5